Can I read CCE vs. Tibe: Director Compensation Ruling on EtoBox?

CCE vs. Tibe: Director Compensation Ruling by AlexandraSoledad is a document available to read on EtoBox.

What is CCE vs. Tibe: Director Compensation Ruling about?

The Supreme Court ruled that the Board of Directors of Central Cooperative Exchange did not have the authority to appropriate funds to compensate its members, as the by-laws explicitly reserved this power to the stockholders. The by-laws stated that compensation was limited to transportation expenses and per diems of P30, and the resolutions passed went beyond this limit. Even without this express restriction, directors are presumed to serve without compensation under Philippine law unless an agreement spec

Author

AlexandraSoledad

Language

EN